Corner Retail/Warehouse with Overhead
22300 Harper Ave St Clair Shores, MI 48080
22300 Harper Ave, St Clair Shores, MI, 48080
$550,000
For Sale
$550,000
4,896 SF corner parcel offers retail/warehouse space with an overhead door and dedicated on-site parking.
Property Size4,896 SF
Price / SF$112.34
Days on Market64
Property Features for 22300 Harper Ave
General Information
- Standard status
- Active
- Size
- 4,896 SF
- Property subtype
- Retail
Listing agency
Detroit
(248) 226-1635
Listed by
Michael Koenigbauer · License #6501346706
(248) 226-1635
Source
Colliers
Added: May 19 Updated: Jul 21 at 12:10AM Checked: Jul 21 at 12:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Detroit
Investment Insights
Based on property information with market context.
A 4,896 SF retail/warehouse opportunity is available for sale on a prominent corner parcel. The space includes one (1) overhead door that can support retail, storage, or flex operations, along with dedicated on-site parking for customers and staff.
The property is positioned at a signalized intersection of Harper Avenue and California Street, providing strong visibility and corner exposure along a high-activity retail and commercial corridor. Public remarks indicate Harper Avenue traffic counts exceed 120,000 vehicles per day, with the area surrounded by established retail and service businesses plus dense residential neighborhoods. Convenient access to major thoroughfares and nearby I-94 connectivity is also noted.
The property is positioned at a signalized intersection of Harper Avenue and California Street, providing strong visibility and corner exposure along a high-activity retail and commercial corridor. Public remarks indicate Harper Avenue traffic counts exceed 120,000 vehicles per day, with the area surrounded by established retail and service businesses plus dense residential neighborhoods. Convenient access to major thoroughfares and nearby I-94 connectivity is also noted.
Key Highlights
- 4,896 SF retail/warehouse property available for sale at $550,000
- Prominent corner parcel at the signalized intersection of Harper Avenue & California Street
- Harper Avenue traffic counts exceed 120,000 vehicles per day for strong visibility and access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.8k | $12.00 |
| − Vacancy | −$7.1k | −$1.44 |
| EGI | $51.7k | $10.56 |
| − OpEx | −$15.5k | −$3.17 |
| NOI | $36.2k | $7.39 |
4,896 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$794.4K
$695.1K – $926.8K
NOI $55,608 @ 7.0% cap · market cap 10.11%
Second Best
Retail
$517.0K
$452.4K – $603.2K
NOI $36,191 @ 7.0% cap · market cap 6.58%
Theoretical Best
Specialty Retail
$916.6K
$802.0K – $1.07M
NOI $64,163 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Full Rack Barbecue — 21425 Greater Mack Ave, St Clair Shores, MI 48080
FAQs
What type of property is this?
Flex space - 4,896 SF corner parcel offers retail/warehouse space with an overhead door and dedicated on-site parking.
Where is this flex space located?
The property is located at 22300 Harper Ave St Clair Shores, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,896 SF retail/warehouse property available for sale at $550,000; Prominent corner parcel at the signalized intersection of Harper Avenue & California Street; Harper Avenue traffic counts exceed 120,000 vehicles per day for strong visibility and access
